2012 (2) TMI 477

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....pondent. 2. After hearing both sides and after going through the orders of the Tribunal what we notice is that vehicle was imported in violation of import regulations, and so much so, redemption fine and personal penalty are rightly levied. Balance is only the dispute on the quantum involved. It is seen that as against Rs. 18 lakhs levied towards redemption fine, the Tribunal reduced it to....